India, July 12 -- Just over a year after beginning operations, fashion quick commerce startup Blip has shut shop. Incidentally, the startup was one of the first to launch the quick delivery model for fashion products and apparel.

The startup, which delivered in Bengaluru within a 30-minute window, had to shut its operations due to a lack of capital, cofounder Ansh Agarwal announced in a Linkedin post.

Agarwal said the major issue was a dearth of capital which held the startup back from expanding beyond Bengaluru.

"The result of limited working capital and failure to implement our GTM in an efficient manner, it didn't make sense for us to continue, and hence we had to make a difficult choice to shut blip down," Agarwal said.

Blip was f...